UK 17:03 Sunday, 18 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
A week ago AIM-listed Volga Gas (VGAS) updated investors with news including “average production in April 20 20 was 2,316 barrels of oil equivalent per day ( 43 % lower than March 2020)… gas price is fixed in RUR but still impacted with local currency devaluation against USD… cash balances of US$10.6 million” (31st March: $12.3 million) and noted currently “low demand for gas condensate & LPG”. The shares, which started the year near 40p, remained down at around 20p, a market cap of circa £16 million… until a rise on Thursday to 26.5p on no news… until today – a “Statement Re Share Price Movement and FSP”...
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